South African Institute for Entrepreneurship DEVELOPING ENTREPRENEURSHIP CULTURE IN SOUTH AFRICA

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1 South African Institute for Entrepreneurship Shifting paradigms developing entrepreneurs through action learning DEVELOPING ENTREPRENEURSHIP CULTURE IN SOUTH AFRICA

2 Areas covered South African Socio Economic Challenges Dealing with the Challenges Entrepreneurship Ladder School Entrepreneurship 14 Critical Skill-sets of Entrepreneurship SA Institute for Entrepreneurship Focus Discussion

3 South African Socio Economic Challenges Unemployment Resulting in higher levels of Crime Poverty Compounds Social Issues and Health Problems Inequality Which can only sustainably be addressed through Education

4 South African Socio Economic Challenges 35% (26%) unemployment rate About 60% youth unemployment, more critical in rural areas

5 Dealing with the Challenges Enterprise and Supplier Development Programmes Small Business Development Programmes Entrepreneurship Programmes

6 Entrepreneurship ladder where are we? Necessity/Reluctant/Needs-Based? Food on the table tonight Would take a job if can get one Idea Based: Small scale but committed entrepreneurs? Start-up Lifestyle preference Some franchise to reduce risk The Leveragers: Real Entrepreneurs? Vision Serial Global entrepreneur

7 NOTE! The importance of entrepreneurship development to the South African economic development and job creation is well acknowledged by many. Sadly, the total entrepreneurial activity in the country falls way below the required level to contain the unemployment problem GEM REPORT

8 Reasons for low entrepreneurial activity among the youth in South Africa? Education and training - Educational system is subject and marks driven and does not prepare learners for the entrepreneurship world Policies Financial support Capacity for entrepreneurship

9 The Solution? School Entrepreneurship!

10 Why School Entrepreneurship? Will help prepare learners with the entrepreneurial potential to engage in business activity at an early age. Will assist learners to develop entrepreneurial mindsets, uncover entrepreneurship qualities and develop business skills thus becoming contributors towards sustainable economic development and wealth creation in South Africa.

11 The 14 often overlooked soft skill-sets of Entrepreneurship 1. Entrepreneurial Mindset 2. Taking Initiative and Risk 3. Looking Out for Opportunities 4. Thinking Resourcefully 5. Tapping into Interests 6. Thinking Flexibly 7. Thinking Creatively 8. Thinking Critically 9. Questioning 10. Thinking Independently 11. Working with a Team 12. A Sense of Wonder 13. A Sense of Adventure 14. A Sense of Determination To ponder How many do you have? How many do your children have? How many does our university graduate have? How many does our FET graduate have? How many does our Matriculant have? How many does our Grade 5 drop out have? If you don t have these 14 you are unlikely to be successful as an entrepreneur if you are only up skilled on: -Finance/Accounting -Marketing -Operations/Economics -Management

12 What is a real entrepreneur? From lifetime employment/employability to lifetime job creation Innovative (not imitators of innovative products/channels) Sees gaps in the market or markets in the gap New markets and new customers Shifts resources out of lower yield into higher productivity/higher yield area Leadership, ambition and aspiration Turn ideas into reality simple and focused Use both left and right sides of their brain

13 Value delivery... A pyramid will only survive if it is built off a sound base The medium

14 SA Institute for Entrepreneurship Focus Vision A dynamic culture of entrepreneurship in South Africa that promotes entrepreneurial behaviour, the creation of jobs and through this the alleviation of poverty Mission Develop entrepreneurial mindsets, facilitate entrepreneurs and the establishment of sustainable enterprises

15 Our existing services Experiential learning 5 day Best Game Agriplanner Forestry Sugar AgriBest Selling Organic Schools learning focused on BIG not business plan Grade10-12 Business studies aligned Up skill educators who then upskill learners over 3 years TechnoCentre roll out in non metro areas Academy (Entrepreneurship Learnership I year)

16 Impact

17 What has been achieved with school learners? Learners show an increase in entrepreneurial and business knowledge Learners are now able to apply business knowledge. Learners show an increase in self confidence and self esteem. Educators are now able to directly and subliminally educate and promote entrepreneurship and business skills among learners. Increased learner participation resulting in easier learner discipline and better results.

18 Our History Grew out of Triple Trust Organisation (TTO) Material developed by Margie Worthington Smith, James Thomas and others (e.g. Abalimi and F&TFA and Ecolink assisted on refining for Agriplanner) Went independent of TTO in mid 1990 s Stayed true to the original entrepreneurial mindsets

19 Our Board

20 Our Team

21 Some of our Supporters

22 Discussion

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